1920–1950: Launching a Legacy

2010-2020
2000-2010
1990-2000
1980-1990
1970-1980
1960-1970
1950-1960
1920-1950
1930
Expanded from its original headquarters in Eastland, Texas, to Luling, Texas, after a boom in oil exploration in the area.

1932

Moved to Houston, Texas and served the oil industry through three family-owned businesses: J. Ray McDermott & Co., Elmax Construction and Stall & McDermott.

1937

Hired the company’s first construction crew, a team of six.
Opened an office in New Orleans, Louisiana.

1938

Introduced the first use of floating drilling equipment in low-lying marshlands of Texas and Louisiana.

1939

Purchased J.G. McMullen Dredging Company and established it as the Olsen Dredging Company.
1946
Reorganized the multiple McDermott family-owned business operations into one: J. Ray McDermott & Co., Inc. of Delaware.

1947

Designed and installed the first fixed platform made of steel out-of-sight-of-land, in 20 feet of water in the Gulf of Mexico for Superior Oil.
Established a contracting division, which was the major operating segment during the early years.

1948

Acquired assets of Harry F. Allsman Company, McDermott’s joint venture partner for several contracting jobs in the Gulf of Mexico, which provided equipment to meet the new demand for offshore construction.

1949

Commissioned construction of the first vessel designed specifically for offshore work, Derrick Barge 4.
The company’s Oil division was organized.

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